This property looks like a bad Long-Term investment with a projected -13.71% first-year return on $71,610 initial cash invested.
-13.71%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$1,705
Rent
-$818
Cashflow
Cash Flow
$1,705 income − $2,523 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,610
Downpayment
20%
$68,200
Closing costs
1%
$3,410
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,705
Total Expenses
$2,523
Mortgage P&I
109%
$1,856
Property Taxes
6%
$104
Home Insurance
7%
$121
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0